Published on 3/23/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $750,000 more buffered notes on S&P 500, MSCI EAFE
By Susanna Moon
Chicago, March 23 - Goldman Sachs Group, Inc. priced another $750,000 of 0% buffered notes due Oct. 21, 2014 linked to a basket of two indexes at 99.85, according to a 424B2 filing with the Securities and Exchange Commission.
The total deal size is now $5.77 million, up from $5.02 million.
The basket consists of the S&P 500 index with a 70% weight and the MSCI EAFE index with a 30% weight.
The payout at maturity will be par plus any basket gain.
Investors will receive par if the basket falls by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered basket-linked notes
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Underlying indexes: | S&P 500 (70% weight) and MSCI EAFE (30% weight)
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Amount: | $5,766,000, up from $5,016,000
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Maturity: | Oct. 21, 2014
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Coupon: | 0%
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Price: | Par for $5,016,000; 99.85 for $750,000
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Payout at maturity: | Par plus any basket gain; 1.3333% loss per 1% decline beyond 25%
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Initial levels: | 1,295.15 for S&P 500; 1,685 for MSCI EAFE
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Pricing date: | March 11
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Settlement date: | March 18 for $5,016,000; March 24 for $750,000
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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Cusip: | 38146M189
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